"Economic Policy Review" Bulletin ISSN 1313 - 0544

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For the fourth consecutive year the Institute for Market Economics (IME) presented the only one of its scale and depth study of the social and economic state of districts in Bulgaria. The press-conference took place on November 9th 2015 in BTA. The English version of the study will also be available by the end of the year.

The main purpose and biggest strength of vocational education is its ability to create a direct link between young people and the labor market. A vocational education system of high quality generates highly skilled specialists, who are responsible for the comparative advantage of every economy.

The content of this report aims at reviewing the arguments in favor of the new unhealthy food tax, its goals and the likelihood of them being achieved or compromised as well as at reviewing the possible and probable social and economic impact of the introduction of the tax. The report also aims at contributing to the discussion on the so called Bill on the Taxation of Unhealthy Food which is to take place in September, as promised by the Ministry of Health to journalists.

On July 30, the British magazine The New Statesman published an article authored by the famous philosopher John Gray on the life, intellectual achievements, and mistakes of the renowned Austrian economist and Nobel laureate Friedrich Hayek. Gray’s piece examines the Austrian’s economic and political views. It is almost as if Gray puts Hayek on trial, the verdict of which has already been decided upon.

On July 23rd The Guardian published the results of a report by the “Tax Justice Network” (TJN). The title - “Wealth doesn’t trickle down- it just floods offshore”- cannot remain unnoticed by the reading public. The main idea of the article and the report is that assets with estimated values from $21tn up to $32tn (as of 2010) have found shelter in the jurisdictions with low tax rates, i.e. have been “lost to global tax havens”. A sum, which “if taxed, that could have been enough to put parts of Africa back on its feet - and even solve the euro crisis”.